BOLD STEPS 8 Leaders shift from U.S. model of freewheeling finance, forming historic accord to regulate risk UNITED FRONT 8 Countries pledge $1-trillion in aid for struggling nations, but economists blast lack of new stimulus
ERIC REGULY AND BRIAN LAGHI at Globe and Mail
April 3, 2009
LONDON -- The leaders of the Group-of-20 countries put on a show of unity yesterday to fight the global recession with pledges of more than $1-trillion (U.S.) in aid to help struggling countries and revive trade.
But their failure to unveil new stimulus spending was criticized as a "disappointment" by economists, who fear the global downturn will only deepen unless governments everywhere open the stimulus spigots even further.
The G20 countries also agreed to rein in the world's financial system through the creation of international accounting standards, the regulation of debt-ratings agencies and hedge funds, a clampdown on tax havens and controls on executive pay. But the lack of details on these proposals suggests they will not become effective any time soon.
ERIC REGULY AND BRIAN LAGHI at Globe and Mail
April 3, 2009
LONDON -- The leaders of the Group-of-20 countries put on a show of unity yesterday to fight the global recession with pledges of more than $1-trillion (U.S.) in aid to help struggling countries and revive trade.
But their failure to unveil new stimulus spending was criticized as a "disappointment" by economists, who fear the global downturn will only deepen unless governments everywhere open the stimulus spigots even further.
The G20 countries also agreed to rein in the world's financial system through the creation of international accounting standards, the regulation of debt-ratings agencies and hedge funds, a clampdown on tax havens and controls on executive pay. But the lack of details on these proposals suggests they will not become effective any time soon.
Soon the New World Order will call for it's King. See more on the Rising of The Fourth Kingdom.
Watch this short video Season of Signs: Passover Through Pentecost 2008
Posts
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.